Hoyes Michalos In the Media

Hoyes Michalos is a personal insolvency service firm strongly rooted in the communities we serve. That means not only being active in our communities, but advocating and informing Ontarians about the dangers of carrying too much debt.

As industry experts Doug Hoyes and Ted Michalos, co-founders of Hoyes, Michalos, were the only independent trustees to appear before the Senate Banking, Trade and Commerce Committee in February, 2008 to give testimony on proposed changes to bankruptcy legislation.

Straight Talk on Your Money

Straight Talk on Your Money by Doug Hoyes

You deserve straight talk on your money but you don’t always get that when you walk into a bank or talk to a financial advisor.

Based on 30 years of experience helping individuals deal with debt, Doug Hoyes reveals 22 common money myths and provides the practical advice you need to make sound decisions so you can live a debt free and stress free life.

Now available at better bookstores across Canada. Also available at Amazon.ca and Indigo.ca including Kindle, Kobo formats and Audible.

Global News

Joe Debtor

Every two years, Hoyes Michalos conducts an in-depth bankruptcy study to identify changing trends in the profile of someone who files bankruptcy or a consumer proposal. Read our just released 2017 study on the average insolvent debtor.

Homeowner's Bankruptcy Index

Hoyes Michalos index tracking the percentage of insolvent debtors who own a home at the time they file a consumer proposal or bankruptcy. This index measure the impact of real estate prices and mortgage debt on personal insolvencies. Updated monthly

Debt Free in 30

A podcast where Doug Hoyes talks to expert guests each week about your finances. Listen each week for practical advice to manage debt and understand your money choices. See our podcast guide or listen and read a transcript of each show. Now in our fourth season.

Global News

Consumer Alert Debt Settlement

Companies offering to settle your debts or fix your credit problems often do more damage than good. Sean O’Shea reports on how one Toronto financial company took thousands in fees, leaving consumers deeper in debt and talks with Doug Hoyes about why consumers should speak with a reputable Licensed Insolvency Trustee if they are experiencing debt problems.

Senate Testimony

Hoyes, Michalos Senate Testimony

In 2008, Doug Hoyes & Ted Michalos appeared as expert witnesses before the Senate Standing Committee on Banking, Trade and Commerce to provide their testimony on the impact to debtors of amendments to Canadian bankruptcy law. This included what are now the current student loan bankruptcy rules, exemptions for RRSPs and the extension of the bankruptcy period for surplus income.

Hoyes, Michalos Community Involvement

Community Involvement

Hoyes, Michalos is a locally based personal insolvency firm. Every day we meet with individuals in our offices across Ontario. We live in our communities, and we believe in being actively involved in our communities.

Sometimes our involvement is very small, like sponsoring local children’s sports leagues. Sometimes our involvement is much larger like our on-going sponsorship of the Rotary Classic Fun Run in Cambridge, the Annual Oktoberfest Run in Kitchener-Waterloo or our support of the Carizon Un-golf Classic.

J. Douglas Hoyes

CA, CPA, LIT, CIRP, CBV

Doug was inspired to bring his financial experience to work by helping individual people not corporations rebuild their financial future. Doug advocates for consumers needing debt relief to ensure they receive a fair and respectful debt management solution. He regularly comments in the media including publications and networks such as Canada AM, Global News, CBC, The Globe and Mail, The Toronto Star, Business News Network, The Financial Post and CTV News.
Doug also posts regularly to our blog and on Twitter. He is the author of the personal finance book Straight Talk on Your Money – The Biggest Financial Myths and Mistakes… and How to Avoid Them.

Ted Michalos, CA, LIT

BA, CPA - LIT

Ted Michalos strongly believes that debt management advice should be delivered without gimmicks and without tricks. He is enthusiastic about ensuring clients understand all of their options and that Hoyes Michalos helps them develop a custom-tailored plan to deal with their debts. Ted is a prolific writer, contributing answers and advice on our blog and on several insolvency and debt relief sites, including Advisor.ca. He has appeared as an expert on bankruptcy and debt related matters including appearances on CBC News, Global TV and Business News Network.